Marilyn, 33 years of age, is married to a factory worker and they are blessed with four children. She has been operating a retail store in their village for almost two years. Her monthly income is 7,000 PHP and she is asking for a loan of PHP 20,000 to purchase bread, coffee, sugar, canned goods, instant noodles and soft drinks to sell.
She hopes to further expand her business to generate higher profits and to sustain her family's daily needs. She would like to continue availing loans and hopes that Kiva lenders will extend their assistance to her in the future.
About Alalay sa Kaunlaran, Inc.
This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.